12 Best Long-Term Stocks to Buy According to Ken Fisher

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 174

Fisher Asset Management’s Stake: $9.6 billion

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. In the fourth fiscal quarter of 2024, consolidated Alphabet revenues increased 12% year over year to $96.5 billion, reflecting robust momentum across the business. In February, BBC reported that Google’s parent company lifted a longstanding ban on artificial intelligence (AI) being used for developing weapons and surveillance tools. Alphabet has updated its ethical guidelines on AI, dropping a line that barred its use for creating technologies that could cause or are likely to cause overall harm. The firm believes in responsible development and deployment, stating that AI undoubtedly comes with its own risks and challenges, but it must be managed carefully throughout its lifecycle, from design and testing to deployment and iteration.